Marcy Kaptur Quotes

The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

If we continue to allow the federal government to live beyond its means, we will all soon have to live beneath ours.

We cannot continue our leadership in the world as the largest debtor nation the world has ever known.

To preserve our independence, we must not let our rulers load us with perpetual debt.

If a national debt in considered a national blessing, then we can get on by borrowing. But as I believe it is a natural curse, my vow shall be to pay the national debt, to prevent a moneyed aristocracy from growing up around our administration that must bend to its views, and ultimately destroy the liberty of our country.

Finance ministers the world over, responsible for assuring the service of the internal debts by forcing down the standards of living, do not find the matter so simple. They observe that the average man today finds the problem of making both ends meet a serious one. They are well aware that he demands something out of life over and above the bare necessities, and they have a realistic view of the situation created when a government demands this margin in taxes or takes it by inflation.

Borrowing 40 cents out of every dollar we spend for missiles or food stamps is unsustainable. And being indebted for generations to China and OPEC does not make American a stronger nation.

Who owns the assets of our Nation? Increasingly, foreign interests own our assets, and we owe them money. No wonder people think our country is headed in the wrong direction. It is.

Democrats can neither control nor predict whether our GOP counterparts are really ready to play chicken with the U.S. economy. But we can assure the American people that our party takes the nation's faith and credit seriously.

The problem that faces our country today, the last 30 years we have lived off the future, and the bill is coming due. So there cannot be anything that is not put on the table. There will not be one American that will not be called to sacrifice. Those that are more well-to-do will be called to sacrifice to a greater extent.

The average standard of living of the average American is going to go down. That is the only way we can cope with our debt and trade deficit problems.

A public debt is a kind of anchor in the storm; but if the anchor be too heavy for the vessel, she will be sunk by that very weight which was intended for her preservation.

To protect the national honor, every dollar of Government indebtedness should be paid in gold, unless otherwise expressly stipulated in the contract. Let it be understood that no repudiator of one farthing of our public debt will be trusted in public place, and it will go far toward strengthening a credit which ought to be the best in the world.

High interest rates are the cruelest taxes of all.

Debt and revolution are inseparable as cause and effect.

As an individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from—so it must be with a government.

We have trouble, my friends, in the country, because we have too much money owing, the greatest indebtedness that has every been given to civilization … Two hundred and seventy-two thousand millions of dollars of debts are owed by the various people of this country today. Why, my friends, that cannot be paid. It is not possible for that kind of debt to be paid.

A public debt is a public curse and in a representative government greater than any other.

When all things are considered, it will be found best for the Nation to leave the Borrowers and the Lender to make their own Bargains, according to the Circumstances they lie under

Those who say we can continue to indefinitely borrow from our children and grandchildren and generations to come in fact are eroding our ability to do what we ought to do in education, in health care and in other things.

The single biggest threat to our national security is our debt.

A national debt is the price of liberty.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... … Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

Nobody gets to threaten the full faith and credit of the United States just to extract political concessions. Nobody gets to threaten our economy and hurt millions of people just because there are a couple of laws you do not like.

For a generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U.S, became the world's largest debtor.